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Herms’ highly coveted Birkin handbag becomes even more coveted after it leaves the store — doubling in value in as little as five years, according to a luxury expert.

James Firestein, founder of luxury resale and authentication platform OpenLuxury, told Fortune that the steepest price increase he has ever witnessed when a Black Togo 30 Birkin doubled in value in five years.

For reference, the price of the Black Togo 30 widely varies on resale platforms due to the bag’s condition, type of hardware metals and the year it was purchased from Herms, going for anywhere from $30,500 for a “like new” bag on Sotheby’s to $10,925 on The RealReal or roughly $8,000 on eBay.

More commonly, however, it takes a decade for the price of a Birkin to surge two-fold.

“I know several instances where people have doubled their money based on buying it 10 years ago, and reselling it today in pristine condition,” Firestein said, per Fortune.

“The resale value of particularly the Birkin and Kelly bags over the past 10 years has outpaced gold, he added.

In 2020 alone, while when the luxury market ground to a halt during COVID, Birkin bags saw impressive returns of 38%, according to a report from Credit Suisse and Deloitte.

As a result, Firestein estimates that 25% of Birkin buyers keep the bag in storage as investments while the remaining 75% actually use the bags, Fortune reported.

Most shoppers look to the second-hand marketplace to buy Birkin bags, mostly because buying a luxurious piece of eye candy directly from Herms can be a time-consuming process that doesn’t guarantee customers get the exact style they want.

Herms allows stores and boutiques around the world to purchase a select number of Birkins per season, though the color and size of the bags are rarely known ahead of time, according to Sotheby’s.

And for aspiring Birkin owners who don’t already have an existing relationships with retailers, it can be even harder to ensure that a staffer will try and reserve the bag you want, Sotheby’s said.

As a result, Birkins, more often than not, sell for well beyond their $12,000 sticker price.

The pricing mostly comes down to scarcity principle, per Sotheby’s, which sold a Himalaya Birkin 30 encrusted with diamonds for $450,000, though the more common leather styles in fresh condition generally go for between $25,000 and $30,000, according to the auction house.

Herms has been accused of making it too difficult for the everyday shopper to acquire a Birkin of their own.

Two California plaintiffs alleged in a class-action lawsuit earlier this month that the French fashion house uses unfair business practices,” including requiring customers to buy other ancillary products such as shoes, scarves, belts, jewelry and home goods  before getting the opportunity to buy the coveted, chronically unavailable handbag.

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To be allowed to purchase a Birkin, the suit claims, customers must have accrued a sufficient purchase history with the luxury brand.

Once achieved, customers who are deemed worthy are then offered a Birkin — which is allegedly not on public display but rather in a private room, the suit claims.

The unique desirability, incredible demand and low supply of Birkin handbags gives defendants incredible market power, attorneys wrote in their filing.

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Sports

Reddick wins in Talladega after McDowell crashes

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Reddick wins in Talladega after McDowell crashes

TALLADEGA, Ala. — Tyler Reddick stole a NASCAR Cup victory at Talladega Superspeedway when front-runner Michael McDowell, swerving up and down the track trying to block Brad Keselowski, wound up crashing with the finish line in sight Sunday.

It was another wild Talladega finish — and set off a raucous celebration on pit road with one of Reddick’s team owners, Basketball Hall of Famer Michael Jordan.

“This is like an NBA playoff game,” Jordan said in Victory Lane. “I’m so ecstatic.”

McDowell, the pole-sitter, dominated the closing laps and was in position to give Ford its much-needed first victory of the year. But his topsy-turvy efforts to block Keselowski — another Ford driver — wound up costing them both.

McDowell spun out, Keselowski had to check up and Reddick sped by to claim his sixth career Cup victory by 0.208 seconds.

A pile of cars behind them was taken out, as well. Corey LaJoie’s No. 7 machine slid across the finish line on its side, pinned against the wall in front the massive grandstands.

Reddick climbed out of his No. 45 car and scurried up the fence like Spider-Man.

“That was crazy, fans,” he screamed. “Chaos. Typical Talladega.”

Keselowski settled for the runner-up spot, failing again to pick up his first win since 2021 at this 2.66-mile trioval in east Alabama.

“We went to make a move and Michael covered it,” Keselowski said. “We went the other way and had nowhere to go when Michael came back down. It’s just the way this stuff goes.”

Reddick’s victory redeemed a botched strategy that knocked out a bunch of Toyota contenders, including his team co-owner, Denny Hamlin.

All three Toyota teams pitted in tandem with 37 laps to go, going with a strategy that would’ve allowed them to push the pace on the rest of the fuel-saving field — with an idea of drafting all the way to the front for the checkered flag.

Unfortunately, they couldn’t keep their cars straight.

Just four laps later, with the Toyota train running at a blistering, single-file pace and chasing down the lead pack, John Hunter Nemechek appeared to get into the bumper of Bubba Wallace’s No. 23 machine, which clipped Erik Jones and sent him smashing hard into the outside wall.

Nemechek then slid down the track and took out Hamlin, as well.

“We had a plan,” Wallace said. “We just didn’t execute it as well as we should have. I hate it. It doesn’t make us look good at all.”

Jones took the brunt of the blow, a crash that would’ve been much worse without the sturdy cars and foamy barriers.

“I’m a little sore, but I’m all right,” Jones said after exiting the infield care center. “If you’re gonna be dumb, you’ve got to be tough.”

Reddick was at the front of the pack and avoided the crash.

In the end, he was able to celebrate an improbable win.

CLEAN RACING: Unlike the wacky finish, the first two stages were caution-free — the first time that’s happened at Talladega since the stage system was instituted in 2017. Many drivers were focused on saving fuel and there weren’t many bold moves.

Finally, on lap 132, with the cars three-wide and tightly bunched in the middle of a huge train, the first occurred.

Justin Haley got a bump from behind and went spinning into Christopher Bell, whose car sustained heavy damage that left him with a last-place finish.

IMPRESSIVE KIWI: Shane Van Gisbergen turned in a strong run in the first oval race of his burgeoning NASCAR Cup career.

The stunning winner of the Chicago street race in his Cup debut last summer, Van Gisbergen showed the depth of his talent by leading laps and staying out of trouble at the harrowing 2.66-mile trioval until the very end.

Unfortunately for the 34-year-old from New Zealand, he got caught up in the final melee and didn’t make it across the line. He finished 27th.

STARTING AT THE BACK: Season points leader Kyle Larson started the race with a huge disadvantage after his team was penalized for altering the roof rails on his No. 5 car on the way to the qualifying line Saturday.

Larson, who had won three straight poles, was barred from qualifying, forced to start from the back of the field and ordered to do a drive-through penalty on the opening lap. He was least a half-lap behind the field by the time he got up to speed and, without anyone to draft with, was caught by the leaders on the 12th lap.

NASCAR also ejected Larson’s car chief, Jesse Saunders, from the speedway.

Larson was able to work his way back into the mix but he wasn’t a contender at the end. He finished 20th.

UP NEXT: The Cup series heads next Sunday to Dover Motor Speedway, where Martin Truex Jr. won the race a year ago.

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Sports

Love, 19, claims first Xfinity win in Talladega

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Love, 19, claims first Xfinity win in Talladega

TALLADEGA, Ala. — Nineteen-year-old rookie Jesse Love won the first NASCAR Xfinity Series of his career in a crash-marred, double-overtime finish at Talladega Superspeedway on Saturday.

Love held off Brennan Poole, who pulled alongside roaring into the trioval, and took the checkered flag 0.141 seconds ahead of Riley Herbst. Anthony Alfredo and Leland Honeyman claimed the next two spots, Poole faded to fifth and one last crash sent Joey Gase spinning behind the frontrunners.

“Let’s go playoff racing!” Love screamed over the radio.

Hailie Deegan went into the final restart with a shot at becoming the highest-finishing woman in Xfinity Series history, but she slipped all the way to 12th. Danica Patrick retains the distinction with a fourth-place showing at Las Vegas in 2011.

Pole-sitter Austin Hill — Love’s teammate at Richard Childress Racing — won the first stage, led a race-high 41 laps and was at the front of an 18-car train with two laps to go when the usual Talladega chaos erupted.

Parker Kligerman appeared to give Hill a couple of slight taps to the rear bumper, though Kligerman insisted over his radio that he never touched the leader’s car. Nevertheless, Hill suddenly went into a spin that ended his hopes of his third victory of the season and sent the race to overtime.

Kligerman was out front when the green flag waved, but that didn’t last long. Shane Van Gisbergen appeared to run out of gas and Love got into Kligerman going for lead, sending the the No. 48 car smashing into the wall.

Several other contenders had to duck into the pits for fuel before the second overtime, which extended the race from 113 to 124 laps.

In the end, Love had enough fuel to get to the line, erasing memories of another strong run at Atlanta where he went dry at the end.

Chandler Smith comes in as points leader, but finished 25th.

Early in the final stage, the first big crash of the day collected at least a dozen cars, knocking four of them out of the race.

Kligerman and Ryan Sieg sparked the incident on lap 65, trading paint when both went for an opening in the middle of the track during three-wide racing through the trioval. That slight bump set off a chain-reaction crash that left cars spinning, sliding and smashing into each other from the outer wall to the inside grass.

“You have to be aggressive,” said Brandon Jones, whose car was too damaged to continue. “The only way be aggressive is to get up front.”

The day also ended for Sam Mayer, Jeremy Clements and Ryan Truex, while several cars returned to the track with significant damage. A.J. Allmendinger kept going with with his rear bumper cover barely hanging on.

Mayer has failed to finish four of the first nine races, but he’s locked into the playoff after winning last week at Texas in a photo finish with Sieg.

Teenagers won both preliminary races at Talladega leading up to the NASCAR Cup race on Sunday.

Before Love took the checkered flag, 18-year-old Jake Finch led from start to finish in the ARCA Menards Series event.

Justin Allgaier, who came into Talladega ranked fourth in the point standings, was the first one out of the race.

His No. 7 Chevrolet got loose coming off of turn two while running in a big pack of cars, sliding sideways off the track and smashing hard into an inside wall.

Allgaier wasn’t injured, but the 38th-place finish was by far his worst of the season.

“A disappointing day,” he said. “The car was fast.”

Allgaier remained tied with Kyle Busch for the most top-10 finishes in Xfinity Series history with 266. He equaled the mark last week with a third-place showing at Texas.

It was a tough day for JR Motorsports, which had three of its four drivers — Allgaier, Mayer and Jones — wiped out by crashes. Sammy Smith was the only one to make it to the checkered flag in 21st.

The Associated Press contributed to this story.

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Baby saved from womb of mother killed in Israeli strike

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Baby saved from womb of mother killed in Israeli strike

Palestinians in Rafah are reeling from a series of devastating Israeli airstrikes that have killed 22 people – including 18 children.

The last 48 hours, horrific even by Gaza’s standards, are an indicator of what may follow in any Israeli Rafah offensive.

Doctors told the Sky News team in Gaza how they saved the life of an unborn baby even as her mother was dying from head injuries.

Follow latest: Netanyahu vows to ‘increase pressure on Hamas in coming days’

“We tried to rescue the patient,” Dr Ahmad Fawzi said.

“We realised that she was pregnant.

“We had to do an emergency caesarean to save the baby.

“Thanks to God, we managed to save the baby.”

A medic holds a Palestinian newborn girl after she was pulled alive from the womb of her mother Sabreen Al-Sheikh (Al-Sakani), who was killed in an Israeli strike, along with her husband Shokri and her daughter Malak, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, at a hospital in Rafah in the southern Gaza Strip, in this still image taken from a video recorded April 20, 2024. Reuters TV via REUTERS
Image:
The Palestinian baby girl was saved from the womb of her mother. Pic: Reuters

The little girl lies in an incubator.

She has no name but there is tape attached to her hand with writing that says: “The baby of the martyr Sabreen al Sakani”.

The baby’s mother Sabreen, her father Shoukri, and three-year-old sister Malak all died in the Israeli airstrike.

Her uncle says he will care for her now.

The Palestinian baby girl was saved from the womb of her mother. Pic: Reuters
Image:
The Palestinian baby girl was saved from the womb of her mother. Pic: Reuters

Also in Rafah, another airstrike killed 17 children and two women all from the same extended family, say Palestinians.

There were heartbreaking scenes at the hospital as relatives mourned the children being placed in body bags.

A relative, Umm Kareem, told how the children were killed as they slept in their beds, saying: “These children were sleeping. What did they do? What was their fault?

“Pregnant women at home, sleeping children, the husband’s aunt is 80 years old.

“What did this woman do? Did she fire missiles? We complain about our concerns to God.”

The strikes, all in Rafah, have provoked unusually sharp criticism of Israel by the UK government.

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Families mourn as airstrike kills children

Lord Ahmad, foreign minister for the Middle East, tweeted that he was “appalled by the Israeli strike, on a residential apartment in the densely populated Rafah in Gaza, which resulted in more children being killed”.

“We must stop this fighting immediately and bring an end to this conflict,” he added.

But there is no end in sight. Quite the opposite.

Read more:
Trail of destruction in Lebanon’s ‘ghost towns’
Situation in northern Israel ‘untenable’
Are Israel and Lebanon heading for war?

In an address to the nation ahead of Passover, Israeli Prime Minister Benjamin Netanyahu used language from the Bible to hint at what might be coming for Rafah.

The enemy, he said, is “hardening its heart and refusing to let our people go”.

“Therefore, we will strike it with additional painful blows – and this will happen soon,” he added.

Israel’s government says it must take the fight to Hamas in Rafah to bring back its hostages and destroy the enemy, but far more civilians are being killed than Hamas fighters in this war.

Rafah is the most densely-populated area of Gaza. And when the offensive begins here, many more will die.

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